Scattered Clouds
clouds

18 April 2024

Amman

Thursday

71.6 F

22°

Home / Business

Jordan's energy bill weighed down by 25% waste, minister Says

11-12-2024 01:37 PM


Ammon News - Energy Minister Saleh Kharabsheh revealed Wednesday that 25 percent of Jordan's energy bill - amounting to hundreds of millions - is being wasted.

Speaking at an industrial efficiency forum in Amman, Kharabsheh emphasized the kingdom's focus on securing sustainable energy supplies at reasonable costs.

The forum, organized by the Jordan Chamber of Industry in partnership with USAID, highlighted the potential role of the chamber's new Energy and Environmental Sustainability Center in achieving these goals.

The ministry continues to work with various sectors, including households, to improve consumption efficiency.

Kharabsheh noted that time-of-use electricity tariffs offer industrial sectors opportunities to benefit from off-peak rates. He announced the program will expand to include hotels and healthcare facilities starting next year.

Hani Abu Hassan, Vice President of Jordan Chamber of Industry and head of Irbid Chamber of Industry, highlighted manufacturing's vital role in the national economy.

The sector contributes 25 percent of GDP and provides about 250,000 direct jobs, while industrial exports make up 90 percent of national exports.

Abu Hassan stressed that transitioning to a green economy "is no longer optional but essential" for accessing global markets, as many countries now require products to meet sustainability standards.

Ahmad Al-Bass, who heads the new Energy and Environmental Sustainability Center, announced its official launch.

The center will serve as the technical and executive arm for addressing environmental challenges in the industrial sector while coordinating with local chambers to implement sustainable solutions.

CEO of the Association of Banks in Jordan Maher Mahrouq called for direct and indirect incentives to encourage industrial investment in green technologies.

He emphasized the banking sector's pioneering role in supporting sustainable development through green bonds, loans, and other eco-friendly financing tools. Petra




No comments

Notice
All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
email
show email
comment : *
Verification code : Refresh
write code :